CSIC may call timeout on equities injection plan

State-owned company's shares fall by 2.78 percent on the announcement

State-owned China Shipbuilding Industry Corporation has announced it may end a commitment to allow six other companies to inject their shares into the company as promised in 2010.

When the CSIC announced the news, the stock price of the limited company dropped by 2.78 percent, closing at 7.69 yuan ($1.1) on Wednesday.